Type Public Number of employees 58,000 (2011) | Industry clothing, accessories | |
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Traded as NYSE: VFC
S&P 500 Component Revenue US$ 12.3 billion (2014)
US$ 10.879855 billion (2012) Operating income Net income US$ 1.210119 billion (2013)
US$ 1.085999 billion (2012) Stock price VFC (NYSE) US$ 54.96 -0.01 (-0.02%)3 Apr, 11:45 AM GMT-4 - Disclaimer Headquarters Greensboro, North Carolina, United States CEO Eric C. Wiseman (1 Jan 2008–) Founded October 1899, Reading, Pennsylvania, United States Subsidiaries Vans, The North Face, The Timberland Company Profiles | ||
Vf corporation about vf 2011
VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. The company’s more than 30 brands are organized into five product categories: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The company controls 55% of the U.S. backpack market with the Jansport, Eastpak, Timberland and North Face brands.
Contents
Brandjourney s work for vf corporation featured in sharepoint 2014 conference keynote
History
The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m2) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments began in 1919, accompanied by a name change to Vanity Fair Mills. Shares were initially sold to the public in 1951.
The H.D. Lee Company (now Lee) was acquired by the company in 1969 and the corporate name was changed to VF Corporation, a fictitious name that is not even legally registered, to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest publicly held clothing company.
The company announced the purchase of VF Corporation's "Vanity Fair" lingerie business by Fruit of the Loom for $350 million in cash on January 23, 2007.
On February 28, 2007, VF Corporation acquired Majestic Athletic. On July 26, 2007, VF Corporation announced the purchase of 7 for all Mankind and lucy Activewear for a combined $885 million. Eric C. Wiseman became President, CEO, and Chairman in 2008. Effective January 1, 2017 Steve Rendle took over CEO and President responsibilities.
In 2011, VF Corporation announced its intention to purchase Timberland for $2.2 billion. The deal closed in September 2011. On December 21, 2012, VF Imagewear was awarded a multimillion-dollar contract to provide uniforms and insignia for Customs and Border Protection officers. In February 2013, Imagewear was awarded a $50-million contract to manufacture uniforms for Transportation Security Administration officers.
Jeanswear
Workwear
Outdoor & action sports
Sportswear
VF Outlet
In 1970, it was the suggestion of M.O. Lee, then President of VF Corporation, that established the VF Outlet business that Surplus products from VF sources including Berkshire International and Vanity Fair were sold to the public from a 5,000 square foot factory store, with only a drop cloth separating it from the company's manufacturing facility. In doing so, VF Corporation created a brand-new retail industry, the outlet mall.
VF Outlet stores offer everyday apparel including brand name jeans, intimate apparel, activewear, swimwear, and more for women, men and children. The company currently operates 79 stores in 31 states nationwide.
In October 2013, VF Outlet launched their ECommerce store.
VF Outlet Center
VF Corporation, which opened their first VF Outlet factory store in 1970, was one of the earliest outlet operations, and opened their first outlet center in the country, in Reading, Pennsylvania. The outlet mall, located in Vanity Fair's old manufacturing mills, was dubbed the official "Outlet Capital of the World." The corporate name was changed from VF Outlet Village to VF Outlet Center in 2008.
Today, the VF Outlet Center is owned and operated by VF Outlet, Inc. with over 1,000,000 square feet of retail space and more than 20 stores.